SPRUCE HOUSE INVESTMENT MANAGEMENT LLC: APPLOVIN CORP (APP): Quarterly 13F Position History
As of Q1 2026, SPRUCE HOUSE INVESTMENT MANAGEMENT LLC reported 1,790,000 shares of APPLOVIN CORP (APP), worth $712.4M and representing 25.4% of its 13F equity book. Quarter-over-quarter share count change: 9,729 (-0.5%) . The position first appeared in Q2 2021 and has been disclosed across 20 13F-HR filings in Pactolio's tracked window.
- 1,790,000Shares Held (Latest Filing)
- $712.4MReported Market Value (Latest Filing)
- 25.4%Portfolio Weight (% of 13F Equity Book)
- 9,729Quarter-over-Quarter Share Change
- -$500.3MQuarter-over-Quarter Value Change
- 5,641,647Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 20 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,790,000 | 9,729 | -0.5% | $712.4M | 25.4% | $398.0 |
| Q4 2025 | 1,799,729 | 257,295 | -12.5% | $1.2B | 35.2% | $673.8 |
| Q3 2025 | 2,057,024 | 0 | — | $1.5B | 38.2% | $718.5 |
| Q2 2025 | 2,057,024 | 0 | — | $720.1M | 26.6% | $350.1 |
| Q1 2025 | 2,057,024 | 1,050,000 | -33.8% | $545.0M | 28.3% | $265.0 |
| Q4 2024 | 3,107,024 | 492,976 | -13.7% | $1.0B | 37.0% | $323.8 |
| Q3 2024 | 3,600,000 | 0 | — | $470.0M | 23.0% | $130.6 |
| Q2 2024 | 3,600,000 | 1,400,000 | -28.0% | $299.6M | 19.7% | $83.2 |
| Q1 2024 | 5,000,000 | 0 | — | $346.1M | 24.9% | $69.2 |
| Q4 2023 | 5,000,000 | 0 | — | $199.3M | 15.7% | $39.9 |
| Q3 2023 | 5,000,000 | 0 | — | $199.8M | 17.8% | $40.0 |
| Q2 2023 | 5,000,000 | 0 | — | $128.7M | 14.7% | $25.7 |
| Q1 2023 | 5,000,000 | 0 | — | $78.8M | 15.4% | $15.8 |
| Q4 2022 | 5,000,000 | +1,259,199 | +33.7% | $52.6M | 14.0% | $10.5 |
| Q3 2022 | 3,740,801 | 0 | — | $72.9M | 13.1% | $19.5 |
| Q2 2022 | 3,740,801 | 1,900,846 | -33.7% | $128.8M | 18.6% | $34.4 |
| Q1 2022 | 5,641,647 | +641,647 | +12.8% | $310.7M | 18.0% | $55.1 |
| Q4 2021 | 5,000,000 | 0 | — | $471.3M | 14.8% | $94.3 |
| Q3 2021 | 5,000,000 | +2,200,000 | +78.6% | $361.9M | 9.4% | $72.4 |
| Q2 2021 | 2,800,000 | — | — | $210.5M | 5.0% | $75.2 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did SPRUCE HOUSE INVESTMENT MANAGEMENT LLC first disclose a APP position in 13F-HR filings?
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC first reported APPLOVIN CORP (APP) on its 13F-HR filing for the period ending 2021-06-30 (Q2 2021). The position has appeared on 20 reported quarters within Pactolio's tracked window.
What was SPRUCE HOUSE INVESTMENT MANAGEMENT LLC's most recent quarter-over-quarter share-count change in APP?
Between Q4 2025 and Q1 2026, SPRUCE HOUSE INVESTMENT MANAGEMENT LLC reduced its APP position by 9,729 shares (-0.5%), leaving 1,790,000 shares at a market value of $712.4M.
Does the implied price-per-share represent SPRUCE HOUSE INVESTMENT MANAGEMENT LLC's cost basis in APP?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.